Oil stocks like Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX) also enjoyed a similar rally but unfortunately for the stocks, their correction from the January highs have been much harsher. XOM stock fell 16% from the high, CVX fell 19%, so the pain for investors has been tremendous. My overall view on stocks is cautiously bullish, so under this assumption this presents me with an opportunity to profit long oil stocks.
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